According to the latest data from the Cyprus Statistical Service published on Friday, March 29, the Construction Materials Price Index reached 116.95 points in February 2024 (on a 2015 basis = 100), decreasing by 0.06% compared to the previous month.
The largest price declines among building materials in February 2024 were recorded in the following product categories:
- metal products - down 8%,
- wood products, insulating materials, chemicals, and plastics - by 0.73%,
- minerals - by 1.22%,
- electromechanical products - by 0.35%,
- mineral products - by 0.54%.
The price index of construction products reflects the change in prices in the construction of objects of various types of economic activity.
Compared to February 2023, the Index fell by 2.21%.
The largest decreases were recorded in insulation materials (-1.43%), plastic products (-1.38%) and heating and cooling products (-1.28%).
From January to February 2024, the index recorded a decrease of 2.23% compared to the corresponding period in 2023.